STCG for non-salaried person

Hey @Stonecold

Individuals whose tax liability for a financial year exceeds INR 10,000 are liable to pay advance tax. If your total income is INR 5,00,000 your total tax liability will be INR 12,500. As per our opinion you can consider the Rebate u/s 87A while calculating advance tax liability. But in case you have paid your advance tax then, you can claim a refund of the amount paid by claiming rebate under section 87A. Rebate u/s 87A can be claimed by resident individuals only.

Hope this helps!